• search

PM, Jaitley ignoring economic wisdom: Congress

Posted By: PTI
Subscribe to Oneindia News
For Quick Alerts
Subscribe Now
For Quick Alerts
ALLOW NOTIFICATIONS
For Daily Alerts

    New Delhi, Jan 6:  The Congress has accused Prime Minister Narendra Modi and Finance Minister Arun Jaitley of ignoring economic wisdom and dealing a "catastrophic" blow to India's growth story.

    Prime Minister Narendra Modi and Finance Minister Arun Jaitley. PTI file photo

    Party communication in-charge Randeep Surjewala claimed that the double whammy of "Modi Made Disaster of Demonetisation" and the implementation of a flawed GST were responsible for the economy's downturn.

    "An arrogant Prime Minister Narendra Modi and a failed Finance Minister Arun Jaitley, hell bent upon ignoring economic wisdom, have dealt a catastrophic blow to India's growth story as proved by the latest GDP estimates slumping from 7.3 per cent to 6.5 per cent," he said yesterday.

    He claimed the truth was that investment had stagnated, job creation was abysmal, exports were in dire straits, stalled projects were burgeoning, inflation remained unchecked and rural distress was at an all-time

    "Hype, hyperbole and headline management cannot be a substitute to the grim reality on the ground," he said.

    "As the government completes four years of its term, the people are seeing through the long distance between rhetoric and reality," he said, adding the people were watching and would give a befitting political reply when the time arrived.

    He alleged that 6.5 per cent GDP growth "detailed the failed promise of the prime minister and explained the abject failure of Modinomics". He claimed that job creation was the biggest failure of the BJP government and said the labour bureau data showed that job creation was the lowest in 8 years.

    PTI 

    For Breaking News from Oneindia
    Get instant news updates throughout the day.

    X
    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more